Supabase has raised $500 million in a Series F round at a $10 billion pre-money valuation, the open source database company announced on June 6, 2026, bringing its post-investment valuation to approximately $10.5 billion. The round was led by GIC, with participation from existing investor Stripe and new investors Georgian and Salesforce Ventures.
The raise follows a $100 million round at a $5 billion valuation in October 2025, which itself came shortly after a $200 million raise at a $2 billion valuation — meaning the company has roughly doubled its valuation every few months for the past couple of years.
CEO and co-founder Paul Copplestone attributed the growth largely to AI coding tools. Database launches on Supabase have grown over 600% in the past year, with more than 60% of those launches initiated by “some sort of AI tool,” Copplestone wrote in a blog post. The company now claims nearly 10 million developer users, a figure that has doubled in eight months. Copplestone specifically credited Claude Code and Codex, noting that the AI models “expand the number of people who can build.” Supabase is also a database of choice for platforms including Bolt, Figma, Lovable, and Replit.
Supabase is built on Postgres, the open source database engine, and has been working to reduce the operational complexity of running Postgres at scale. This week, the company launched a tool called Multigres, which it describes as an “operating system” for Postgres, designed to help developers manage tasks such as read replicas, failovers, connection limits, and backups from a single interface.
Copplestone has previously stated that he has avoided catering to large enterprise clients who seek product concessions in exchange for multimillion-dollar contracts — a deliberate departure from a common startup strategy. The company’s growth figures suggest the approach has continued to attract a broad base of developers as AI-assisted coding tools lower the barrier to building software.
Source: TechCrunch